Refining the Impact of Oil Exports

As the oil produced in the U.S. has become more volatile, it is only fitting that regulations governing how it is sold should follow suit.

The energy industry was jolted late Tuesday when it emerged that the Commerce Department had granted approval to two U.S. firms to export condensate with only minimal processing. If you are wondering why something that sounds so esoteric could have knocked refiner Valero Energy's stock down by 10%...